Natural Gas Price Outlook: Trapped Within Friday’s Trading Range

# Inside Day Trading Insights for Natural Gas: A Comprehensive Analysis

At Extreme Investor Network, we understand that the nuances of market behavior can be both intriguing and complex. One such phenomenon to pay attention to is the “Inside Day” pattern, particularly in the natural gas market. As we delve into this concept, we will explore pivotal price levels and market trends that could guide your investment strategies.

## Inside Day Signals Opportunity

As the trading session wraps up on Monday, we find ourselves focusing on significant price levels: the high of $3.46 and the low of $3.26. A decisive move beyond either of these points could signal a robust continuation in the respective direction. However, as experienced traders know, it’s essential to remain vigilant against false breakouts, which can lead traders into traps that result in rapid reversals back into the trading range.

Natural gas has shown resilience, rallying past three crucial pivot points last week, indicating a potential uptick in demand. This is a promising signal in an otherwise volatile market, and discerning traders can capitalize on these shifts.

Related:  Bitcoin Cash Price Prediction: Over $50 Million Invested by BCH Whales in Just 2 Days - What Comes Next?

### Market Patterns to Note

The recent series of lower swing highs forms the upper boundary of a larger symmetrical triangle – a configuration often indicative of a future price breakout. Last Friday’s trend high of $3.56 was met with a bearish engulfing candle, signifying a change in momentum—an essential component of the intricate dance of trading.

## Assessing the Current Market Dynamics

### Strong Advances and Strategic Resistance

Natural gas has made remarkable strides, breaching an earlier identified resistance zone with a high of $3.45. Moving forward, a decisive rally above today’s session high could pave the way for a challenge of last week’s high at $3.56. Just beyond that lies another critical resistance zone, ranging from $3.64 to $3.67, closely tied to the previous peak resistance of 2023 at $3.64.

Related:  Crude Oil Faces Critical Week: Will Potential Middle East Supply Disruptions Override Demand Decline?

For traders keen on anticipating market moves, a breakthrough past the $3.67 mark would not only signify a return to previous strength but could also catalyze trading at its highest price in nearly 22 months—a key psychological milestone that might influence broader market sentiment.

### Caution: Potential Weakness Ahead

On the flip side, if natural gas prices dip below today’s low, traders should brace for potential support tests at lower levels. The bearish engulfing pattern from last Friday and a weakening close signals that a retest of Friday’s low at $3.07 could be on the horizon. Additionally, the $3.15 swing high area is critical for monitoring; if this support fails, traders should watch levels around $3.02 and the 20-day moving average at $2.90 for potential buy signals.

**Stay Ahead with Our Economic Calendar**

Related:  Is the risk of recession significant?

Understanding the broader economic context is crucial when making investment decisions. For a comprehensive view of today’s economic events that could impact the market, be sure to check our [economic calendar](#). Having the right data at your fingertips can make all the difference in capitalizing on trade opportunities.

At Extreme Investor Network, we are dedicated to arming our readers with the insights and information necessary for smart investing. By providing timely updates and comprehensive analyses, we empower you to navigate the complexities of the stock market with confidence.

Feel free to customize further to align with your brand’s voice and style!